Why the Success of Tenders Depend on the Cost Estimating Performance: Answers and Explanations

All the participants of tender always need to be well-prepared for the procedure of selection of the best candidate for construction purposes. The client chooses the company that offers the best conditions for building a project. These are terms, costs, regulations, management backgrounds, and other aspects.

As a contractor, the performer needs to have a skilled team including the architect, interior designers, builders, managers. When the whole mechanism works well, the chances to get the order increase as well. Moreover, many processes can be delegated to the systems nowadays. For example,the project bidding software will come in handy for accurate cost estimation that is a must to hit the objective in the context of the tendering process.

Peculiarities of the Tender Process

According to the regulations required by Single Stage Selective Tendering, there is a range of proceedings to take into account:

  1. The Committee creates a list of the most optimal contractors to invite. The invitation letters are sent to the companies that might be interested in participating. The preparation for the tender starts in 4-7 weeks. At this period of time, potential contractors are informed about the opportunity to take part in the tendering process.

  2. The invitation usually includes a brief description of the planned project with the key insights from the client (some requirements and other extra information). The construction and tender commencement dates are also specified.

  3. The list of tendering process participants should contain no more than six companies. These contractors should confirm their readiness to take part in the tender. Some small construction projects require short preparation terms from tendering. The invitations can be sent to contractors in 3-4 weeks before the planned tendering process.

  4. All the participants together with the tendering committee should prepare special-purpose documentation beforehand. All the costs and terms should be specified in the documents provided by the contractors. This is the guarantee that all the key data entries will not be changed during the tendering process.

  5. The contractors are allowed to quit the tender at any time they want. There are many reasons that force companies to leave the tendering process like other profitable orders or force-majeure. The decision to withdraw is final and cannot be unthought.

  6. If the client picks sides with the most suitable contractor for the construction purposes, it is necessary to inform the chosen company and sign the contract between two parties (a client and a contractor). The consumer has the right to approve the candidate and send a list of corrections to change the tendering documentation of the building company.

  7. If the corrected offer from the client is not optimal for the contractor, it is possible to decline the proposition. If the company agrees with the mistakes and some inaccurate calculations, all the errors should be corrected before the contract is signed. If the client has the architect and other specialists in the team, it is necessary to brief on these experts and discuss all the issues with the contractor’s representatives. 

Cost Estimating as the Essential Part of the Tendering Process

Sometimes even the best-matching construction companies do not succeed in tenders. The reason is their poor cost estimating background. For example, such necessary expenditures as toilet facilities or on-site safety arrangements are not taken into account. This way the client can see inaccuracies in estimates and decline the candidate even of the most well-performing contractors on the market.

It is the same story about overestimating. It means that the potential contractor can include too many expenditures in comparison with other participants of the tendering process. Pay attention not only to required documentation like specifications and drawings, schedule and rates, cost plus, and so on. Be sure that cost estimating is done the proper way with no faults and weak spots. Use bidding software to perform as the front-runner on any tender.

This post was written and contributed by the Construction Estimating & Bidding Automation Platform Conwize:

Walk-in wardrobe design: Where Fashion Finds Its Home

A well-organized walk-in wardrobe design is important for maintaining an efficient and visually appealing storage space, especially in Indian homes. In India, where space is limited, a walk-in wardrobe allows for optimal space utilization and customization that allows for the proper arrangement of clothing and accessories, ensuring that every item has its designated place. A […]

Read More

20 Types of Door Handles for a Stylish Home Upgrade

Types of door handles play a pivotal role in both functionality and aesthetics, offering diverse options to complement various architectural styles and personal preferences. Understanding the plethora of choices can help in selecting the perfect door handle for any space. From traditional lever handles to modern electronic ones, the market boasts an array of designs […]

Read More

50 Exceptional Baluster Design Ideas Suitable For Indian Homes

Baluster design plays a crucial role in architectural aesthetics, particularly in structures like staircases, balconies, and railings. These vertical supports not only provide structural integrity but also contribute significantly to the overall visual appeal of a building or space. Baluster design also vary widely, ranging from simple and utilitarian to intricate and ornate, reflecting different […]

Read More

How School Building Design is Changing in the 21st Century

The 21st century has ushered in significant transformations in the design of school buildings, reflecting shifts in educational philosophies, technological advancements, and societal values towards sustainability and inclusivity. This evolution in design is not merely aesthetic but represents a profound rethinking of the role physical environments play in education. Gone are the days of stuffy […]

Read More

Kitchen Design Mistakes to Avoid for a Functional and Stylish Space

In kitchen design, functionality and practicality are everything. Design and aesthetics are secondary, but this doesn’t mean that you can’t have a kitchen that’s both functional and aesthetically pleasing.  Calling a kitchen remodel company is ideal before starting your kitchen renovation project, as they can provide valuable insight on how to successfully redesign your kitchen. […]

Read More

10 Captivating Wall Texture and Colour Combinations for Indian Homes

Texture and Colour are powerful tools for creating a unique and functional space. They not only enhance the aesthetic appeal but also create an ambience that resonates with style and purpose. These textures and colours can be sleek and modern or rustic and inviting, allowing you to infuse your personality into the walls. They serve […]

Read More

Elevate Your Car Parking Design For Homes

The evolution of car parking design for homes in residential architecture influences plenty of factors such as urbanization, technological advancements, environmental concerns, and changing lifestyle preferences. Early architecture did not consider car parking design for homes, but the rise of automobiles in the early 20th century led to the incorporation of garages or carports. Post-World […]

Read More

Wardrobe Interior Ideas: 13 Guidelines To Select For Your Bedroom

Wardrobe interior ideas are where functionality meets style and organization, intertwined with creativity. It is about a treasure trove of wardrobe interior ideas that transcend mere storage solutions. Your wardrobe isn’t just a repository for clothing; it’s a curated space where daily rituals unfold and personal style finds its expression. From clever storage hacks and […]

Read More

15 Types of Wardrobe That Adds Extra Space In The House

A wardrobe is not just a piece of furniture constructed in the house. There are types of wardrobe one builds in the house according to their needs and requirements. Choosing the right type of wardrobe can be a critical task at times. While designing the house, one always thinks about the kind of storage space […]

Read More

Furniture for Small Spaces: 15 Ways to Decorate Compact Homes

Compact homes and furniture for small spaces have become today’s trends in designing a home. However, affordability is not the only reason for choosing a compact house with furniture for small spaces. They are also easy to maintain and reflect simplicity in daily life. For furniture for small spaces, their ideas and designs are more […]

Read More
  • Real estate is getting more expensive! Rising property prices in Spain

    Tips to Hire Top Electricians For Your All Electric Needs